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Posted by Martin October 30, 2022

2022 SPX put credit spreads trading review – week 43

Last week I traded a few SPX trades only. Most of them finished as winners, but the last one had to be rolled as the market jumped up too much. I didn’t expect that. Now I will not be opening any new trades until this one is gone, plus I will be repairing the old Continue reading →

Posted by Martin October 30, 2022

October 2022 $100 Challenge account review

The markets were improving in October, and so was our challenge account. It was growing again. We keep investing and building a base to monetize our positions. Our goal is to buy good quality stocks and use them to generate more cash that can be reinvested or used for spending. Ultimately, we plan on reaching Continue reading →

Posted by Martin October 23, 2022

2022 SPX put credit spreads trading review – week 42

Last week we opened only two SPX trades and one adjustment. All trades finished for a nice profit. If the market continues higher for the year-end, we may have more successful trades.   Our trades delivered a $367.00 gain. Our account weekly trading is up by 0.99% while SPX gained 4.74%.   Our SPX account Continue reading →

Posted by Martin October 15, 2022

2022 SPX put credit spreads trading review – week 41

We traded only two SPX trades last week and one SPY butterfly adjustment. That trade may end busted. Maybe, next week I will try to adjust that trade again to squeeze some credit from it, but as of today, the trade might be just a bust. I wanted to adjust that trade to a credit Continue reading →

Posted by Martin October 09, 2022

2022 SPX put credit spreads trading review – week 40

Last week SPX trading started well… and then it all puked again. This is definitely a very difficult time to trade. You can get whipsawed quickly or you adopt a strategy where you maintain the trades and adjust them to stay afloat and eventually a winner in the end. Some traders open a trade, usually Continue reading →

Posted by Martin October 01, 2022

2022 SPX put credit spreads trading review – week 38-39

I didn’t have much time to report a trading a week ago as I was traveling. Fortunately, I could manage the trades. When preparing today’s report on our SPX trading, I was surprised to see that I had made money. We delivered enough credit to eventually offset other trades. We will be working on that Continue reading →

Posted by Martin October 01, 2022

September 2022 $100 Challenge account review

The stock market is still in crash mode. For the entire of September, the market lost significantly, and our strategy was losing too. But I am not concerned. We are sitting tight and investing in stocks that will deliver nice dividends while waiting for recovery. This strategy is designed for a small account and today’s Continue reading →

Posted by Martin September 18, 2022

2022 SPX put credit spreads trading review – week 37

Last week was brutal. SPX lost over 4.7% and many of our SPX trades that were bullish are underwater again. I reversed trading to credit call spreads instead and try to manage the open trades by rolling them away and waiting for a better opportunity to manage them. It will be a long process.   Continue reading →

Posted by Martin September 11, 2022

2022 SPX put credit spreads trading review – week 36

Last week the market stopped at 3,900 support, reversed, and started going higher again. That was not good for our SPX trading as I was preparing for more selling opening credit call spreads. When the market reversed, I had to reverse the trades too. Last week, I had a “box” trade that was set to Continue reading →

Posted by Martin September 03, 2022

2022 SPX put credit spreads trading review – week 35

The sell-off continued last week and that affected performance of our SPX strategy. I did a few trades last week – adjusting one trade by rolling it away using a “box” trade. Then I opened a new credit call spread with an expiration last Friday. The spread expired worthless for a full profit. I also Continue reading →